Israel consults draft law on domestic top-up minimum tax draft
Ministry of Finance initiated a public consultation on draft legislation introducing a domestic top-up minimum tax, set to apply from 1 January 2026 to Israeli-resident entities in multinational groups with global revenues of EUR 750 million or
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Netherlands: MoF revises VAT rules on valuation, fuel cards, and negative interest
The Decree provides guidance on calculating the VAT taxable amount, offering clarification on the treatment of fuel or charging cards and the transfer of negative interest by service providers. The Netherlands Ministry of Finance published Decree
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Netherlands consults new VAT rules for digital platforms in short-term rentals, passenger transport
The consultation closes on 3 November 2025. The Netherlands government has opened a public consultation on a proposed law targeting VAT responsibilities for digital platforms involved in short-term accommodation rentals and passenger transport on
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EU Commission recommends expanding access to tax-favoured savings and investment accounts (SIAs)
The EU recommended measures are aimed at increasing access to simplified, tax-advantaged savings and investment accounts. The European Commission (EC) issued a recommendation aimed at expanding access to savings and investment accounts (SIAs)
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US: IRS extends treaty benefits to reverse foreign hybrids subject to branch profits tax
The IRS Chief Counsel ruled that reverse foreign hybrids may qualify for reduced branch profits tax on dividend equivalent amounts attributable to treaty-eligible owners. The US Internal Revenue Service (IRS) Chief Counsel has determined that
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Bulgaria consults proposed transfer pricing reforms, positions to match OECD standards
The consultation is set to conclude on 23 October 2025. Bulgaria has initiated a public consultation on its proposed draft regulations to update its transfer pricing regulations as part of its efforts to join the Organisation for Economic
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Hong Kong: IRD lowers interest on tax reserve certificates
The new rate will apply to all tax reserve certificates purchased on or after 6 October 2025. The Hong Kong Inland Revenue Department (IRD) announced on 3 October 2025 that starting from 6 October 2025, the new annual rate of interest payable
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Belgium defines fixed financial asset requirement for participation exemption
The participation exemption applies to shareholders with at least 10% ownership or investments of EUR 2.5 million, provided the latter qualify as fixed financial assets. Belgium's Ministry of Finance has released Circular 2025/C/63 on 3 October
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European Commission releases reports on member states’ VAT rate exemptions
This report reviews how Member States apply VAT rate derogations, revealing an uneven distribution. The European Commission has released a report examining the VAT rate exemptions utilised by EU Member States, accompanied by annexes detailing
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US: IRS retracts proposed rules on corporate divisions, reorganisations
The U.S. Treasury and IRS have withdrawn the 30 September 2025 proposed regulations on corporate separations, incorporations, reorganisations, and multi-year tax reporting for related transactions. The U.S. Department of the Treasury and the
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Singapore: IRAS updates guidance on foreign tax credit claims
The updated guidance now features a revised eligibility flowchart and provides clearer time limits for claiming a Foreign Tax Credit (FTC). The Inland Revenue Authority of Singapore (IRAS) has released revised guidance on claiming a Foreign Tax
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Germany: MOF revises guidance on cross-border tax dispute resolution
The key changes in the guidance are aimed at simplifying terminology, clarifying the interaction of dispute resolution mechanisms, and providing expanded guidance for joint applications from partnerships and corporate groups. Germany’s Ministry
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Ecuador, Romania sign CRS MCAA addendum
The two countries signed the addendum on 3 September 2025, updating CRS rules to cover crypto-assets and strengthen reporting and due diligence. The OECD has announced that Ecuador and Romania signed the Addendum to the Multilateral Competent
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Australia: Large companies continue to pay record levels of tax
Corporate tax remains high as nil-tax entities decline. The Australian Taxation Office (ATO) has published its annual Corporate tax transparency (CTT) report revealing large corporates paid a combined AUD 95.7 billion in income tax in 2023–24,
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Singapore: IRAS issues ruling on tax treatment of cash premium in REIT securities exchange
IRAS clarified tax treatment of REIT securities exchange. The Inland Revenue Authority of Singapore (IRAS) has released Advance Ruling Summary No. 20/2025 on 1 September 2025, outlining the tax implications of a cash premium paid in connection
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Taiwan reminds foreigner taxpayers to file property returns within 30 days
The Ministry of Finance reminded foreign nationals to file property tax returns within 30 days of transfer completion. The National Taxation Bureau of Taipei, Ministry of Finance states that any individual, whether a Taiwanese or foreign
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Germany: MOF consults filing rules for GloBE Information Return
Stakeholders are requested to submit feedback on the draft by 6 October 2025. The German Ministry of Finance (MOF) published a draft ordinance setting out the rules for filing and exchanging the GloBE Information Return (GIR) on 29 September
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Argentina: ARCA extends deadline for tax payment plan on incorrectly calculated losses
ARCA extends the deadline to 28 November 2025 for companies to join the payment plan for incorrectly calculated tax losses, allowing regularisation of debts with reduced down payments and up to 120 installments. The Argentine Revenue and Customs
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